Mannatech launched its monetary outcomes for the second quarter of 2022, together with a 17.7% lower in internet gross sales, totaling $35 million. The corporate pointed to world provide chain constraints, notably an ingredient utilized in its core merchandise, as a serious influencer of this decline.
Working revenue for the quarter was $0.9 million, down from $2 million throughout the identical interval final 12 months. Internet revenue was $0.7 million ($0.34 per diluted share), in comparison with a internet revenue of $2.1 million ($0.99 per diluted share) final 12 months.
Recruitment was additionally down, with new unbiased associates and most well-liked prospects lowering by 7.9% to 19,823 as in comparison with 21,527 in the identical quarter of 2021.
Within the first half of the 12 months, internet gross sales have been down 16.7% and internet revenue was $0.8 million, down from $4.3 million throughout the identical interval final 12 months.
